BBVA Research analysts pointed out that Small and Medium Enterprises (SMEs) play a key role in the economic and employment recovery in the country, as shown by the accumulated growth in the number of economic units in the period between the 2014 Economic Censuses and 2019 for all companies was 13.5% while for SMEs it was 25.2%

In the “Regional Sectorial Situation” Report, corresponding to the second semester of 2020 (2Q20), it is also indicated that, in the case of employed personnel, the increase was 12.9% in SMEs compared to 25.8% for all companies, which points to a tendency to reduce the number of employed persons per economic unit in the last five years.

Complete article (Spanish)